USDCAD Daily Analysis – February 15, 2018

USDCAD broke below 1.2489 support, suggesting that the upside movement from 1.2247 had completed at 1.2688 already. Further decline would likely be seen in a couple of days and next target would be at 1.2400 area. Resistance is at 1.2570, only break above this level could trigger another rise towards 1.2800.